SEC Chairman Gensler Hints at Potential Delay in Ether Spot ETF Approval
CryptoNewsTerminal Staff05 Jun, 2024
SEC Chairman Gensler Hints at Potential Delay in Ether Spot ETF Approval
The Securities and Exchange Commission (SEC) Chairman, Gary Gensler, has indicated that the next step in the agency's review of an ether spot exchange-traded fund (ETF) could take some time, potentially delaying the approval process for such a product. Fox Business reporter Eleanor Terrett conveyed this information, suggesting that ether spot ETF applicants may have to wait a while before their S-1 filings are approved. The SEC has previously requested that ether spot ETF applicants submit updated versions of their S-1 filings, indicating an ongoing review process. Chairman Gensler's recent comments suggest that the SEC is taking a cautious approach to ether spot ETFs, which may result in a delayed timeline for their approval.
